Endpoint Security
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Governance & Risk Management
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Open XDR
Rao Replaces Bryan Palma, Who Combined McAfee Enterprise, FireEye to Form Trellix
Symphony Technology Group tapped Vishal Rao to take over as CEO of Trellix while continuing to serve as chief executive of sister company Skyhigh Security.
See Also: Moving Beyond Fragmented Cloud Security with Unified SASE
The San Jose, Calif.-based platform security vendor tasked longtime Cloudera and Splunk executive Rao with accelerating Trellix’s market share. Rao will replace Bryan Palma, who will remain an advisor to STG and help with the transition. Palma took over FireEye’s product business in July 2021 and became CEO of the combined McAfee Enterprise-FireEye entity in October 2021 following STG’s $1.2 billion buy (see: Trellix’s Dual AI Strategy: Combating and Using AI in Cyber).
“At the heart of everything I do is one driving philosophy: Relentlessly prioritize customers, deliver value with passion, innovation, and unwavering dedication,” Rao wrote on LinkedIn Wednesday. “This has guided my career, and I am committed to bringing this same focus to Trellix and Skyhigh … I’m excited to work with you to build on the legacy of delivering solutions that protect our customers.”
Having 1 CEO for 2 Companies Very Uncommon in Cybersecurity
STG opted in January 2022 to separate the McAfee Enterprise-FireEye business into two separate units, one called Trellix that focuses on XDR and is led by Palma, and another that focuses on security service edge , which renamed Skyhigh Security in March 2022 and led by Gee Rittenhouse. Rittenhouse in March 2024 became AWS’ vice president of security services, and Rao was picked to replace Rittenhouse at Skyhigh (see: Skyhigh Brings on Cloudera, Splunk Vet Vishal Rao as New CEO).
“When I joined FireEye in 2021, I had planned to lead the sale of the business and ride off into the sunset for my next operating role,” Palma wrote on LinkedIn. “Instead, over the last four years, I had the amazing opportunity to merge McAfee and FireEye, and launch Trellix. Saying goodbye to great people is never easy, but today is the right time for me to leave Trellix to pursue a new opportunity.”
It’s extraordinarily unusual for two prominent cybersecurity companies to share a single CEO, and most recently happened from 2010 to 2018, when serial entrepreneur Sachin Nayyar led both SIEM vendor Securonix as well as identity governance vendor Saviynt. Nayyar then served as CEO at just Securonix from early 2018 to late 2022 before swapping and becoming solely CEO of Saviynt in early 2023 (see: Founder Sachin Nayyar Back as CEO of Identity Vendor Saviynt).
Trellix and Skyhigh are much larger than Securonix and Saviynt in the 2010s, with Trellix employing more than 3,700 people and Skyhigh employing more than 600 people. A Trellix spokesperson told ISMG that STG isn’t considering merging or recombining Trellix and Skyhigh. The spokesperson said the executive leadership team at each entity will accelerate execution while Rao focuses on customers and partners.
“Vishal has an outstanding track record of delivering results throughout his career,” STG Managing Director Marc Bala said in a statement. “His strong customer focus, global experience and proven history of driving innovation uniquely qualifies him to lead Trellix into the future. We are looking forward to partnering with Vishal and the team to drive the company’s next phase of growth.”
How Trellix Stacks Up to Rivals in Market Share, Reviews
Prior to joining Skyhigh, Rao spent more than five years as CEO of technology intelligence vendor Snow Software, which was acquired by IT asset management vendor Flexera. Before that, Rao spent more than three years spearheading field operations at enterprise data firm Cloudera and five years leading worldwide field sales at security and observability firm Splunk. Both companies IPO’d during his tenure.
“I’m honored to have the opportunity to lead the Trellix team at this critical juncture,” Rao said in a statement. “The cyberthreat landscape is rapidly evolving, growing more complex and relentless. At Trellix, we are committed to the mission of protecting our customers, and we remain committed to developing innovative solutions to do so.”
Trellix was the world’s third-largest endpoint security vendor in 2023 with $733.7 million in revenue and 5.8% market share, according to IDC. But the company’s 5.7% year-over-year sales growth lags both the sector as a whole – which grew by 21.4% in 2023 – as well as market leaders Microsoft and CrowdStrike, which grew by 40.7% and 25%, respectively, in 2023 and have 25.8% and 18.1% share, according to IDC.
Despite the market share success, Trellix’s technology is seen less favorably by industry analysts, with Gartner naming the company a niche player in endpoint protection in 2022 and 2023 and a challenger in 2024. Gartner praised Trellix for its operations, geographic strategy and market responsiveness and track record and chided the company for loose integrations, subpar product strategy and sales strategy.
Forrester, meanwhile, ranked Trellix ninth out of the 11 vendors evaluated in its extended detection and response wave, ahead of only Broadcom and Fortinet. The technology analyst firm praised Trellix for having a plethora of log collectors to ingest from other sources, and criticized the company for lacking a unique vision, failing to align to customer needs, and not addressing platform gaps through its roadmap.